Our High Yield Strategy emphasizes maximum total return while preserving capital. Following a multi-faceted approach, our investment team strives to add value through intensive fundamental research into individual issuers of debt, active trading, and the ability to capitalize on changes within the market and/or economy. We believe our high-yield strategy is generally perceived as conservative within the high-yield market. As such, we place a heavy emphasis on stability and consistency within the investment process which we believe will provide reasonably stable and less volatile performance throughout various economic and market cycles. We place an extreme importance on the downside protection.